Planning for the future is very important, although we all often leave things too late. It is difficult to place a value on peace of mind. Here are just some of the things we can advise you on:
- Long Term Care Planning: It Is hard to imagine not being able to live in your own home and look after yourself. Planning at the right time to make sure any care you may need in the future is covered without having to sell your home is important for many people. Please contact us to find out more about the rules for paying for a permanent care home place.
- Inheritance Tax Planning: When trying to minimise the Inheritance Tax payable on your estate, there are many different options available to do so depending on the circumstances. Subject to your particular situation, the size of your estate and various other factors we can provide you with a list of options and their pros and cons.
- Trusts: A Trust is a fund which contains assets that are controlled by you and/or a nominated third party for the benefit of specific individual(s). They are governed by complex legal regulations and separate tax rules. A Trust can be set up at any time during the lifetime of an individual to become operative immediately or it may be set up following death. Please contact us to find out more about what a Trust can do for you.
In addition to providing advice on Inheritance Tax issues (see Wills & Tax Planning) we can also assist you with your Income Tax and Capital Gains Tax and with Lasting Powers of Attorney.
If you would like our help with this, or any of the services we provide, please contact us.
